Countries and Governments Who Hate Cryptocurrencys

assets. More and more companies are accepting it for payment, financial institutions are starting to allow a certain percentage of digital currencies when allocating wallets, and one Central American government has adopted the leading digital currency as its national currency.

Proponents claim that the cryptocurrency revolution is a natural evolution of financial technology. Opponents say cryptocurrencies have zero intrinsic value and are extremely beneficial for those looking to break rules, regulations and laws. Warren Buffett has described bitcoin and cryptocurrencies as a "worthless illusion", "the poison of financial rats", and said they have "essentially no value".

But his partner, Charlie Munger, went further, saying that bitcoin and other digital currencies were "disgusting and against the interests of civilization".

On the contrary, Jack Dorsey, co-founder of Twitter and CEO of Square, called it the internet currency. In a sarcastic comment, Tesla founder Elon Musk (NASDAQ: TSLA) revealed his feelings about cryptocurrencies when he said:

"I may pump, but I don't get rid of assets."

While supporting or resisting cryptocurrencies can be an intergenerational conflict, the conflict goes beyond prominent comments supporting or disapproving of the asset class.

Control of the money supply is an essential component of government power. The ideology of the digital currency asset class is libertarian and is in conflict with the financial status quo.

Cryptocurrencies wrest control from governments and return it to a mass market made up of individuals. If digital currencies replace fiat currencies, governments will not be able to expand or reduce the money supply to increase or decrease growth, and it is an effective tool for control and control

Countries that ban and allow bitcoin trading

Countries that allow Bitcoin trading : United States, Canada, Australia, Mexico, Nicaragua, Costa Rica, Kyrgyzstan, Cyprus, United Arab Emirates, Israel, Japan, Switzerland, Malta.

Countries that do not regulate Bitcoin : all other countries.

Countries that allow bitcoin trading are those where the systems are more advanced than other countries. However, most countries fall between legislation and regulation, because although the use of Bitcoin is allowed, there are no real guidelines for su